The building society's defined benefit fund is moving to de-risk its portfolio as it moves into payout mode, but it will be focusing more on private credit, says its CIO.
Mercer CFA Institute's Global Pension Index 2020 report shows retirement systems in Australia, China, Hong Kong and Malaysia performed worse than global peers this year.
The country's corporate pension funds have traditionally favoured hedge funds in the alternative space but this is expected to change as they ramp up exposure to private markets.
The $34 billion public fund plans to invest up to $850 million into opportunistic private credit mandates in a drive to ramp up its illiquid asset exposure.
The Japanese pension fund’s actively managed foreign-equity investments outperformed the far larger amounts being managed passively. Should it take active investing more seriously?
The country's reform of its three-pillar pension system continues to see slow progress. Experts say developments should focus on the third pillar of individual pension schemes.